ANNOUNCEMENT 27 Jun 2013
The Chilean Government applied reductions on the import tariffs of raw sugar and refined sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 204/2013. Aplica rebajas de derechos de aduana para la importación de azúcar cruda, azúcar refinada grados 1 y 2, y azúcar refinada grados 3 y 4, y subestándares. http://www.leychile.cl/Navegar?idNorma=1052217
On June 27, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 204 to establish new applicable discounts on customs duties on sugar for a one-month period starting on July 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 94.95 per tonne of raw sugar; USD 213.17 per tonne in refined sugars qualified as Grade 1 or 2; and USD 142.24 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. During the previous month, there were no applicable discounts on the importation of sugar.
The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.